Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Hyperliquid against Binance−0.016%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.016%, 7d avg −0.077%

Together, before fees−0.061%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.062% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WLFIUSDT	0.05766	0.0100	pay 0.0050% / 4h	2h 20m	$138.8M	$43.2M	75x
Short	Hyperliquid WLFI	0.05765	0.0100	get 0.0013% / 1h	20m 18s	$10.5M	$953K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.077%: $6.16
Slippage, 4 orders: −$20.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$33.68
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 1 min ago	0.87 bp	10.1 bp −$10	19.7 bp −$197	101.0 bp −$10.1K	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.52 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

WLFI on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	−0.1072%	1h	0.05769	+0.052%	$4K	$311	3x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0392%	1h	0.05732	−0.590%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.124%	$9K	$6K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06046	+4.848%	—	—	—	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05766	0.000%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.867%	$6K	$77K	5.5x	as long as short
Kraken Futures PF_WLFIUSD	+0.0094%	1h	0.05769	+0.058%	$97K	$132K	20x	as long as short
Lighter WLFI	+0.0096%	1h	0.05759	−0.121%	$1.1M	$477K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05763	−0.048%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05767	+0.009%	$83K	$25K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFIshort	+0.0100%	1h	0.05765	−0.016%	$10.5M	$953K	5x
Aster WLFIUSDT	+0.0100%	4h	0.05767	+0.017%	$1.6M	$547K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05765	−0.017%	$246K	$15K	5x	as long as short
Binance WLFIUSDTlong	+0.0100%	4h	0.05766	long leg	$138.8M	$43.2M	75x
Bybit WLFIUSDT	+0.0100%	4h	0.05766	0.000%	$21.2M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05760	−0.104%	$7.7M	$13.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05767	+0.010%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05766	0.000%	$3.4M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05769	+0.052%	$14.1M	$20.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05768	+0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05766	0.000%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05760	−0.104%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05767	+0.017%	$232K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05764	−0.029%	$450K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05759	−0.125%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.104%	$33K	$37K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.069%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05765	−0.017%	$104	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05762	−0.074%	$172K	$1.0M	10x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05768	+0.035%	$524	$11K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0302% / S −0.1371%	1h	0.05764	−0.042%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05770	+0.069%	$4.9M	$100K	75x	as long as short